california foreclosure loan: fannie mae to bring up the conforming limit ??? - 02/18/08 12:54 PM
Now what? Frankly, analysts feel that enactment is possible by mid-February but looks more likely by early March. No large investors will make any policy changes or announcements until the issues are less confusing, or even voted into law. Apparently, the bill would temporarily increase the limit on mortgages Fannie Mae and Freddie Mac may securitize from $417k to up to $730k. In addition, the bill would increase the limit on loans the Federal Housing Administration (FHA) may insure from $362k to $625k. This should help to reduce spreads in the jumbo mortgage market! One estimate mentioned that as many as … (0 comments)

california foreclosure loan: want to buy foreclosure properties, here are some websites - 09/02/07 08:50 AM
Psssst... wanna buy a foreclosed property? After a default and after the house does not sell at the Trustee Sale,
the bank/lender owns it. As most know, this is called "REO", for Real Estate Owned. Currently mortgage
companies continue selling their REO's through real estate agents, who list them on the MLS. You would probably
need to make an offer through an agent, but here are some sites which list the properties: (Wells Fargo) (Freddie Mac) (Fannie Mae)

california foreclosure loan: junk mortgage bond - 09/02/07 08:38 AM
But possibly the bigger news is that S&P said that it would change its methodology for ratings hundreds of
billions of dollars in residential mortgage-backed securities, and review its ratings on hundreds of billions of
dollars in the more complex collateralized debt obligations based on those subprime loans. It is expected that a
lot of debt will be downgraded to junk status and may have to be sold at fire-sale prices. Therefore many
pension and hedge funds that once thrived on the high returns they could get from investing in subprime junk
are expected to lose a lot of money. The … (0 comments)

california foreclosure loan: another guideline change: sub prime meltdown - 08/18/07 07:08 PM
Bear Stearns changed their product offerings on Friday. They suspended "No Ratio", NIVA, and "No Doc", all second home and investment loans, and their "No MI" programs.
Citi (at the risk of possibly repeating myself) is discontinuing the following programs: for Prime Lending, NIVA & NINA for Non-Agency Alt A, "Home on Time" (I guess they're going to be late...), and CRA Stated Income. Under the Expanded Lending (Non-Prime), they've discontinued Expanded Lending First Lien Stated Income Documentation Process and Expanded Lending Second Lien Programs.
Countrywide made several guideline changes, effective today. For their HELOC's they reduced the CLTV's and loan amounts, and … (0 comments)

california foreclosure loan: california foreclosure - 08/04/07 09:26 PM
According to RealtyTrac, more than a quarter of the top 500 leading foreclosure zip codes are in California. Among them, seven East Bay zip codes are represented. Antioch led the region with two zip codes for a total of 837 foreclosures during the three months that ended June 15. The other zip codes are located in Oakland (94603 and 94605 with 412 total foreclosures), San Pablo (94806 with 260), Richmond (94804 with 223), and Oakley (94561 with 200). Sacramento had the overall highest number of foreclosures in California, with twelve zip codes accounting for 3,726 foreclosures.
On the flip side, according to … (0 comments)

california foreclosure loan: lender's getting restrictive - 08/04/07 09:13 PM
We all know that lenders are becoming more restrictive when issuing residential loans due to declining home prices and rising delinquencies. How much? The Federal Reserve's most recent Survey of Senior Loan Officers indicates that roughly 16% of respondents tightened credit standards in 2007-Q1, equal to the tightening that took place during the housing market downturn in the early 1990's. The least restrictive period was (surprise!) 2004 through 2006. … (1 comments)

california foreclosure loan: lenders trying to be an alligator ! - 03/25/07 08:51 PM
   Are lenders trying to be an alligator, the whole foundation of the mortgage business has increased the
volatility, and shaken the big position investor.  I did have a talk to a big financial hedge fund manager,
according to him the mortgage industry is taking a big hit from the media, legislators, short term investors.
This has made the wound more deep than expected.  It has really made the real people in refinancing, or
purchasing the propertmore difficult.   Even all most all the presidential candidates
has made some bru- ha ha about the supprime meltdown, making the tightening of the credit more clear, … (1 comments)

california foreclosure loan: let's face the it ! central valley you are in trouble - 03/22/07 07:59 PM
     Short term real estate valuation has been down, since it has peaked
last year.  The house prices has been down 30-40% from their all time high.  Added the foreclosure, and the
mortgage tightening of the market.  To those people who are looking for a "pinch hitter" or a "home run"
market.  We would have to wait for a while.  The tide is now againt us, we would not be able to see the market
coming up, some time in the future.   Some argue that home prices will just flatten out, instead of actually
falling. Their reasoning seems to be that home prices … (0 comments)

california foreclosure loan: people who would make money in foreclosure market - 03/17/07 04:36 PM
   It is really sorry to say in foreclosure market we have a lot family's losing their house. 
But their are a lot of "business minded" people who have taken advantage of this distressed
home owners.  Just a word of caution to make sure that you need to know the people who
you are dealing with. 
    *get a reference of the investor "buyer"
    *talk to an attorney
    *talk to your familiy member, is that the l"ast option you have".
    *get every thing in writing


raman kandola

San Jose, CA

More about me…

kandola mortgage services

Address: 2166 the alameda, san jose, ca, 95126

Office: (408) 561-7295

Mobile: (408) 561-9967



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